Thu, Nov 14, 2024

Interference with Chinese Brands from the European Union

Interference with Chinese Brands from the European Union

Countries also state that their economies were negatively affected after Chinese car brands entered Europe with affordable cars. 

So much so that it has been claimed that car prices have fallen after brands named after each other, causing unfair competition in the free market. Currently, Turkey imposes a tax of over 40 percent on cars produced in China. 

While a similar move is expected to come from the European Union, the council is expected to meet and vote on the issue soon. Speaking on the subject, European Commission President Ursula von der Leyen said, "Global markets are now flooded with cheaper electric cars. Their prices are kept artificially low with large state subsidies." she said. 

While the response from China was immediate, it was stated that the Chinese Government would provide all kinds of support and the rights of Chinese producers would be protected. 

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